4,685 Shares in Oracle Co. (NYSE:ORCL) Purchased by Pure Portfolios Holdings LLC

Pure Portfolios Holdings LLC bought a new stake in Oracle Co. (NYSE:ORCL) during the third quarter, HoldingsChannel.com reports. The fund bought 4,685 shares of the enterprise software provider’s stock, valued at approximately $798,000.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Oracle by 1.0% during the first quarter. Vanguard Group Inc. now owns 151,213,890 shares of the enterprise software provider’s stock valued at $18,993,977,000 after buying an additional 1,514,569 shares during the period. Capital World Investors raised its holdings in Oracle by 0.4% in the 1st quarter. Capital World Investors now owns 18,466,713 shares of the enterprise software provider’s stock valued at $2,319,604,000 after acquiring an additional 82,551 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of Oracle by 2.3% during the 2nd quarter. Legal & General Group Plc now owns 13,242,340 shares of the enterprise software provider’s stock worth $1,869,816,000 after purchasing an additional 296,866 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Oracle by 148.8% during the first quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock worth $1,616,855,000 after purchasing an additional 7,699,141 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Oracle by 6.2% in the second quarter. Dimensional Fund Advisors LP now owns 7,318,962 shares of the enterprise software provider’s stock valued at $1,033,430,000 after purchasing an additional 424,500 shares during the period. 42.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ORCL. Citigroup increased their target price on Oracle from $140.00 to $157.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 11th. JMP Securities increased their price objective on shares of Oracle from $175.00 to $205.00 and gave the stock a “market outperform” rating in a report on Friday. Melius Research upgraded shares of Oracle from a “hold” rating to a “buy” rating in a report on Monday, September 16th. KeyCorp increased their price target on shares of Oracle from $165.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. Finally, Guggenheim boosted their price objective on shares of Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, September 13th. Ten investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and an average price target of $168.67.

Insider Activity

In other news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the sale, the executive vice president now owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 42.20% of the company’s stock.

Oracle Price Performance

ORCL opened at $174.69 on Friday. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $178.61. The firm has a market cap of $484.08 billion, a price-to-earnings ratio of 45.02, a PEG ratio of 3.25 and a beta of 1.01. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The company has a fifty day simple moving average of $156.29 and a 200 day simple moving average of $138.59.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The company had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. During the same period last year, the firm earned $0.95 earnings per share. The company’s revenue was up 6.9% on a year-over-year basis. Equities research analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date is Thursday, October 10th. Oracle’s payout ratio is 41.24%.

About Oracle

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.